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but, of course, everybody is talking about shared sacrifice from president obama to john boehner to governor herbert of utah. their version of fixing the fiscal cliff is that acceptable shared version. >> reed wilson, thank you for being with me. i appreciate it. we're going to be right back on msnbc right after this. [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel amer
but, of course, everybody is talking about shared sacrifice from president obama to john boehner to governor herbert of utah. their version of fixing the fiscal cliff is that acceptable shared version. >> reed wilson, thank you for being with me. i appreciate it. we're going to be right back on msnbc right after this. [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same...
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as it stands right now the white house has end kaltsed it will not respond to speaker boehner's offer unless the gop agrees to raise top marginal tax rates. the president did do a little explaining over twitter yesterday. asked, is there a minimum ratio of revenue increases to spending cuts that you're looking for or simply a balanced approach? the president responded -- don't expect 100% my budget, room to negotiate. if you include $1 trillion plus in cuts already made, rough balance between revenue and cuts does trick. i'm having a hard time translating the president's tweets. translation, i won't get everything i want but at least -- but i want at least as much in revenue as in cuts. he was asked as a homeowner, i worry deductions for homeowners are at risk. is that the case. the president replied breaks for middle class important for families and economy. if top rates don't go up, danger middle-class deductions get hit. the gop is holding middle-class taxes hostage i'm not. joining me is msnbc policy analyst and columnist for "the washington post" ezra klein. it is great to have y
as it stands right now the white house has end kaltsed it will not respond to speaker boehner's offer unless the gop agrees to raise top marginal tax rates. the president did do a little explaining over twitter yesterday. asked, is there a minimum ratio of revenue increases to spending cuts that you're looking for or simply a balanced approach? the president responded -- don't expect 100% my budget, room to negotiate. if you include $1 trillion plus in cuts already made, rough balance between...
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. >> let's listen to another thing grover said yesterday about president obama. >> it's the president who is threatening to raise taxes on the middle class if he doesn't stamp his feet and get his way. >> it's so funny to see somebody talk about someone else in full projection mode. >> right. >> that is grover. you know, stomping his feet and getting his way and he's pretending that the president debafs the way he does. >> that's been his entire path to power and he has gotten his way because not only has he stamped his feet to get his way but he's also threatened people. he's done that here by saying that the tea party 2 is going to dwarf tea party 1, that's sending out a message saying, if you support any revenue increases, if you go along with compromise, we're going to get you next time around in your primary. that's what this is all about. it's an intimidation to republicans thinking about actually trying to come to some sort of deal and move forward. >> let's listen to a prediction that lindsey graham made which i think i agree with. >> i think we're going over the cliff. it's p
. >> let's listen to another thing grover said yesterday about president obama. >> it's the president who is threatening to raise taxes on the middle class if he doesn't stamp his feet and get his way. >> it's so funny to see somebody talk about someone else in full projection mode. >> right. >> that is grover. you know, stomping his feet and getting his way and he's pretending that the president debafs the way he does. >> that's been his entire path to power...
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. >>> obama to boehner, get serious. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start tonight with this. the republicans have their plan, and it's great news for the rich. speaker john boehner just put it out. those at the top, the 2%, are safe. your bush tax cuts are going to keep on giving. one problem, mr. boehner, you lost. that was your position before the election, and you lost. mitt romney campaigned on keeping the tax cuts for the wealthy, and he lost. and he promised to do what john boehner is doing right now, and he lost. how about some respect for the electorate? how about seeing what the 2012 presidential debate was about? obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio
. >>> obama to boehner, get serious. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start tonight with this. the republicans have their plan, and it's great news for the rich. speaker john boehner just put it out. those at the top, the 2%, are safe. your bush tax cuts are going to keep on giving. one problem, mr. boehner, you lost. that was your position before the election, and you lost. mitt romney campaigned on keeping the...
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boehner and obama have met before. the summer of 2011. they put a lot of specifics on paper. when boehner couldn't get backing. >> how close is this to that is this. >> it is a broad outline, but there is a lot of negotiation. even members of the congress didn't see this in advance. this was really an opening bid. it is best seen as really a response to pressure. but people saying where's our plan. you've got to put a plan out there to begin the negotiation. >> thank you. >>> deal or no deal. we're on the edge of our seats. 29 days in counting until our taxes go up and across the board spending cuts. we're getting lots of mixed messages as to what's going to happen and where things stand. >> i'm increasingly pessimistic. >> so tonight, two men who have lots of experience dealing with lawmakers. paul begala, david frum, former adviser to president george w. bush. david, let's start with you. >> i feel about this whole process as a basketball nonfan, i feel about basketball, which is start it 100-100 and play for five minutes to get it overwith. but i think we also need to take
boehner and obama have met before. the summer of 2011. they put a lot of specifics on paper. when boehner couldn't get backing. >> how close is this to that is this. >> it is a broad outline, but there is a lot of negotiation. even members of the congress didn't see this in advance. this was really an opening bid. it is best seen as really a response to pressure. but people saying where's our plan. you've got to put a plan out there to begin the negotiation. >> thank you....
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president obama has new words of speaker boehner and the republicans in his first tv interview since the election and since the fiscal cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip and why his own spokesperson says he can't disclose where she is. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. now we need a little bit more..
president obama has new words of speaker boehner and the republicans in his first tv interview since the election and since the fiscal cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's...
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the gop plan is based in large part on costs between president obama and house speaker john boehner last year when the two were close to making a grand bargain. the republican plan raises tax revenue not by raising tax rates but reducing deductions for the wealthy to generate more money for the government. it also tackles entitlement raising the medicare eligibility age and reducing social security benefits. those are nonstarters for the president and other democrats who are facing a lot of pressure from unions and other groups to leaf those programs untouched. >>> we should fix it. that should be a separate track conversation. it should not be raiding social security to deal with the deficit. >> responding to questions on quitter there isn't enough spending on the deal. republicans say he needs to assess the costly programs need to be restructured. >> what i want is to get the country out of debt in a permanent way. the dig problem with us becoming greedy is not the revenue it's not the tax codes it's entitlement. >> what the plan daoes not do i raise tax rates on the wealthy. it has to
the gop plan is based in large part on costs between president obama and house speaker john boehner last year when the two were close to making a grand bargain. the republican plan raises tax revenue not by raising tax rates but reducing deductions for the wealthy to generate more money for the government. it also tackles entitlement raising the medicare eligibility age and reducing social security benefits. those are nonstarters for the president and other democrats who are facing a lot of...
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what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker boehner. he said it in an interview on bloomberg tv. the last time the two men spoke was almost a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> i know that the president wants a deal and he didn't try to handicap it. >> reporter: earlier this week, he told so-called middle class
what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find...
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at that point i wouldn't be surprised if president obama, john boehner, and other key folks are actually locked up somewhere in maybe camp david, maybe at the white house. that's when the big talks will start. not now but in the next couple of weeks. >> back to the power move as it's described by speaker boehner. who are the strongest allies. we've seen paul ryan all but vanish here other than when we put the picture up on the committee and who is on it. who are the allies supporting speaker boehner that are team players? >> there was a criticism in the suspicion about a year ago that even some of john boehner's top deputies weren't always on board. that came about during the debt ceiling debate of 2011 where there was a lot of suspicion where eric cantor the house majority leader was on the same page with house speaker john boehner. right now as we see it seems like the republican leadership is completely unified, and that does end up bolstering john boehner's ability to make a deal or enforce discipline with the party. >> very interesting. thank you very much. governors who met with th
at that point i wouldn't be surprised if president obama, john boehner, and other key folks are actually locked up somewhere in maybe camp david, maybe at the white house. that's when the big talks will start. not now but in the next couple of weeks. >> back to the power move as it's described by speaker boehner. who are the strongest allies. we've seen paul ryan all but vanish here other than when we put the picture up on the committee and who is on it. who are the allies supporting...
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they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced approach to the deficit. it does have some revenue in it, even though it's not from tax increases. so what does this opening offer say about where we are in these negotiations? >> well, it seems very difficult to imagine that we're going to be getting to a deal that will handle everything that needs to be addressed before the end of the year. i think the first main thing that needs to be addressed is the question of the tax cuts expiring. and for the obama administration, the question is, is it in their interest to trade tax cuts for
they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced...
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president obama wants those tax rates raised. john boehner, he wants fewer deductions, limits on deductions. that's the status quo right now of the discussion there. i want to bring you to the big board because we're going nowhere this tuesday morning on very low volume. back below 13,000. tuesday morning, here's the company: elizabeth macdonald is with us. david asman is with us. and nicole petallides right there on the floor of the new york stock exchange. china, cracking down on money transfers at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country. there are a lot of new rules that would be put in place. all of it is obviously for responsible gambling, but it seems to be a lot deeper than that. stuart: i've been to t
president obama wants those tax rates raised. john boehner, he wants fewer deductions, limits on deductions. that's the status quo right now of the discussion there. i want to bring you to the big board because we're going nowhere this tuesday morning on very low volume. back below 13,000. tuesday morning, here's the company: elizabeth macdonald is with us. david asman is with us. and nicole petallides right there on the floor of the new york stock exchange. china, cracking down on money...
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i think that's what boehner is trying to do. god bless him for it because it's not going to be easy but that's exactly what they have to do in order to figure out how do they become a political party, not a sunsetting party, but a political party that has force, not just within the walls of d.c. but outside as well. >> i'm reminded 69 words of george carlin who said it's called the american dream because you have to be asleep to believe it. joy, maria teresa, thank you. the guys who gave us the go go '90s call for even greater tax hikes than the president. shouldn't we listen to them? stay with us. >> please, do something frightening between now and the midterm elections because if you do not, the republicans will have to do something truly terrifying like addressing the needs of blacks, women, and hispanics. um... uh... um... hm... umm... uh... oh ! the windows phone 8x by htc on verizon. it features easy to navigate live tiles that are simple to customize. just pin what matters most right to your homescreen. exclusively with d
i think that's what boehner is trying to do. god bless him for it because it's not going to be easy but that's exactly what they have to do in order to figure out how do they become a political party, not a sunsetting party, but a political party that has force, not just within the walls of d.c. but outside as well. >> i'm reminded 69 words of george carlin who said it's called the american dream because you have to be asleep to believe it. joy, maria teresa, thank you. the guys who gave...
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well they wrote a letter to the president -- boehner and six other house republicans, they insisted the election return obama to the white house and the gop return to the house requires both parties to come together in a fairground. but we know that didn't happen. i think everybody is aware, right, that it is the gerrymandering that has returned -- what they are calling middle ground is not middle ground, right? >> it isn't middle ground and there wasn't a dead locked election. they forget a couple of things number 1 that there was an election, and the people spoke and number two if you look at every survey -- i guess the second point is in this campaign there was a clear, clear outline by the president of where he stood, no secret. there had to be a continuation of the middle class tax cut, and an end of the tax cut for the very wealthy in -- in 2010 they got over 90%, the upper 1% -- 90% over that of the income growth, and the third point, the surveys show after the election all of them -- that if you ask people should there be continuation of the middle class tax cuts? yes. should th
well they wrote a letter to the president -- boehner and six other house republicans, they insisted the election return obama to the white house and the gop return to the house requires both parties to come together in a fairground. but we know that didn't happen. i think everybody is aware, right, that it is the gerrymandering that has returned -- what they are calling middle ground is not middle ground, right? >> it isn't middle ground and there wasn't a dead locked election. they...
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where president obama will have inauguration in a couple of weeks. from the speaker bearing brooks brother to devil wears prada. anna winter raised money to get president obama re-elect and it could be paying off for her now. bloomberg news is reporting that she is on the short list to be the next ambassador to the u.k. or to france. a hat tip to the "new york post," owned by the parent company of the network. she was trying to audition by fundraisers and glossy spreads in the magazine. what do you think? quid pro quo? >> dana: yeah, i do. she is an accomplished woman. if you have a movie made that says you're the devil you'v youe something. >> greg: they made one for you. >> dana: i'll reserve comment whether she deserves it and would be a good ambassador. we talked about this eight months ago with a big event here. someone slipped it out she would love to be the u.k. ambassador. i think it could happen. >> andrea: do you think it's real or her floating her own name for job? >> greg: i would like to send her away. england sent us victoria beckham. s
where president obama will have inauguration in a couple of weeks. from the speaker bearing brooks brother to devil wears prada. anna winter raised money to get president obama re-elect and it could be paying off for her now. bloomberg news is reporting that she is on the short list to be the next ambassador to the u.k. or to france. a hat tip to the "new york post," owned by the parent company of the network. she was trying to audition by fundraisers and glossy spreads in the...
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they will meet with house speaker john boehner, governor jerry brown is actually not in the group. >>> white house is rejecting the republican fiscal proposal. and it is a counteroffer to the one president barack obama offered last week. coming up, what the white house says is missing in the republican proposal. >>> time now time to bring tara back. if anybody is headed for the bay bridge, what do you want them to know. >> if we take a live look, this happens in just a matter of minutes and i bet you it is going on right now. so give yourself extra time if you are headed into the city right now. we can show you 580 westbound and then also up in the pittsburgh antioch area, slow going there on highway 4 as you make your way towards concord. last but not least, 280 san jose and traffic is moving along pretty well. 6:07 here is steve. >>> cloudy skies, now last hour, there has been some light rain in mendocino and down to salina, it is cloudy and a few areas of fog. this system is considerably weaker than the one we have and it looks like we will pick it up later tonight into tomorrow an
they will meet with house speaker john boehner, governor jerry brown is actually not in the group. >>> white house is rejecting the republican fiscal proposal. and it is a counteroffer to the one president barack obama offered last week. coming up, what the white house says is missing in the republican proposal. >>> time now time to bring tara back. if anybody is headed for the bay bridge, what do you want them to know. >> if we take a live look, this happens in just a...
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obama tonight. and so e.j. dionne, senior fellow, friendliest person in the sunday morning circuit, while those guys are standing over the punch bowl, what should president obama be saying to them to get them to focus on what the country needs? >> i think i might say and do a couple things. i would have two really beautiful leather bound volumes and say to them, merry christmas. these are the county by county returns from the last election bound in this beautiful leather. you might want to study these. it's not 2010 anymore so let's figure out what to do. the second thing i'd say is this is a religious season so we think of religious folks. dear lord, give me chastity, but not yet. that's how you guys are with taxes. you sent me this letter. you say $800 million in taxes from tax reform, but we'll figure it out next year. no, we need the money now. tell us what deductions you get rid of and maybe you can give me a specific proposal where you outline those cuts and then we can negotiate is and maybe
obama tonight. and so e.j. dionne, senior fellow, friendliest person in the sunday morning circuit, while those guys are standing over the punch bowl, what should president obama be saying to them to get them to focus on what the country needs? >> i think i might say and do a couple things. i would have two really beautiful leather bound volumes and say to them, merry christmas. these are the county by county returns from the last election bound in this beautiful leather. you might want...
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president obama has in it -- john boehner opened the door for that. president obama has indicated no intention of looking at -- . host: what deductions would you host: what deductions would you put on the table? guest: tax reform is not to raise revenue. is to make the tax code less of a drag on the economy. we do that by lowering tax rates and getting rid of some deductions, exemptions, credits. but we do not do it to raise revenue. host: chuck marra, how important our deductions? guest: they are very important. if you get into this notion that they are loopholes, then you look at the very popular deductions the people rely on. they're trying to balance the economic weakness with the long- term needs of the economy, which is that we do face a future of deficits that are unsustainable. we are trying to stabilize the debt has a share of our economy over time. that means about $4 trillion in savings. the good news is, last year, the congress and the president got together and locked in about $4 trillion of spending cuts. it has to be enacted. we're talk
president obama has in it -- john boehner opened the door for that. president obama has indicated no intention of looking at -- . host: what deductions would you host: what deductions would you put on the table? guest: tax reform is not to raise revenue. is to make the tax code less of a drag on the economy. we do that by lowering tax rates and getting rid of some deductions, exemptions, credits. but we do not do it to raise revenue. host: chuck marra, how important our deductions? guest: they...
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because it turns out president obama is more progressive! and a little tougher negotiator--so far. now apparently i'm not the only one surprised. when he gave his new storms on the fiscal cliff negotiations, well apparently john boehner was a little bit surprised. >> tim geithner sit there like we are here and presented this to you. what did you say? >> flabbergasted. >> cenk: flabbergasted. well, what went wrong? where do you think we are today. >> i would say we're nowhere. period. we're nowhere. we've put a serious offer on the table by putting revenues up there to get this question resolved. but the white house has responded with virtually nothing. they've asked for more revenue than asking for the whole entire time. >> cenk: that's just not true at all. he says we did this serious offer. here is the offer that john boehner put forward--butkis. nothing. he said, i'm interested in raising revenue or we're willing to do that. so how much, you want to cut medicare? you want to cut social security? john, admit it, you want to cut social security. no, no i want the president to say
because it turns out president obama is more progressive! and a little tougher negotiator--so far. now apparently i'm not the only one surprised. when he gave his new storms on the fiscal cliff negotiations, well apparently john boehner was a little bit surprised. >> tim geithner sit there like we are here and presented this to you. what did you say? >> flabbergasted. >> cenk: flabbergasted. well, what went wrong? where do you think we are today. >> i would say we're...
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republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not repr
republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion...
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>> reporter: we have the opening bids from speaker boehner and president obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly from the wealthy by limiting deductions. the president says, no, don't want that. we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be the problem? >> reporter: it's ideology. the president one the elect, he says he won it on taxing the rich. he want to win the debate. whether it's the best solutioner to the economy is an entirely different story.
>> reporter: we have the opening bids from speaker boehner and president obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly...
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is on the side of the 98% and john boehner is on the side of the 2%. the republican party right? i think it is as clear as that. don't the american people see that? >> i think that's why the president is going around the country to put pressure on them because in the end i mean the end, the tax cuts expire and so tax rates go up and the president comes back to congress and says you know, give the tax break back to the middle class and i don't know what republicans are going to do then. they're going to continue to try to fight for the 2%. i don't know. but he's doing it right and he shouldn't see -- he shouldn't seed the ground on that issue. he shouldn't seed it. that was what the election is about. republicans are trying to say well george bush tried that with social security. george bush in '04 didn't talk about privatizing social security. he wouldn't have won. he acted like that was his mandate. he was going to spend his capital for it. this was an election issue. we all were very clear. i was clear in my debates. you don't do more tax cuts for th
is on the side of the 98% and john boehner is on the side of the 2%. the republican party right? i think it is as clear as that. don't the american people see that? >> i think that's why the president is going around the country to put pressure on them because in the end i mean the end, the tax cuts expire and so tax rates go up and the president comes back to congress and says you know, give the tax break back to the middle class and i don't know what republicans are going to do then....
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obama has the advantage of letting--going over the cliff and letting it all expire so he starts to get the revenue that he wants. what does boehner have to negotiate? j. >> cenk: this is dr. strangelove territory. this is peter sellers pushing the button. you do this, and you destroy yourself. it's an insane negotiating ploy. it's hard to think that he could push that button. he used it last year and there was a consensus that politically that republicans lost face and lost public support and they were playing with fire. am i misreading this? >> no, because i think part of it, again, we're talking about the markets. it strikes fear in the markets. they say, president obama you better do something because the stock markets and the bond markets are reacting negatively to all these issues about the debt ceiling. but we saw what happened after august of 2011 we got downgraded. our debt was downgraded but the interest rates that we pay on our debt has fallen. the stock market has continued to rise. i think if we had that drama again, the treasury department has options. there is a constitut
obama has the advantage of letting--going over the cliff and letting it all expire so he starts to get the revenue that he wants. what does boehner have to negotiate? j. >> cenk: this is dr. strangelove territory. this is peter sellers pushing the button. you do this, and you destroy yourself. it's an insane negotiating ploy. it's hard to think that he could push that button. he used it last year and there was a consensus that politically that republicans lost face and lost public support...
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speaking of congress, president obama asked that wasserman shultz to stay on as the chairwoman of the democratic national committee. next, what is happening in the senate. facing gop opposition. a u.n. treaty advocating equal rights for disability facing significant opposition. host: tune in to c-span2 3 coverage of the senate. next caller. but the make of this latest back-and-forth? the gop sending of their proposal to the white house yesterday. this caller: is danny from college park, ga.. host: go ahead. caller: greta, i have never seen a group of people who are so willing to be lied to. republicans like to their people all through the election. the only people who were surprised that the president won are people who watch fox news. just like that, a proposal that john boehner puts out. he's trying to say that it is from the bowles proposal but erskine bowles came out yesterday and said flat out that the proposal the republicans put out does not mimic his. therefore, the republicans are lying again. republicans and the tea party people, they know that they are lying. it is just tha
speaking of congress, president obama asked that wasserman shultz to stay on as the chairwoman of the democratic national committee. next, what is happening in the senate. facing gop opposition. a u.n. treaty advocating equal rights for disability facing significant opposition. host: tune in to c-span2 3 coverage of the senate. next caller. but the make of this latest back-and-forth? the gop sending of their proposal to the white house yesterday. this caller: is danny from college park, ga.....
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this after a 90-minute meeting with president obama at the white house this morning where they called for a quick resolution. the governors spoke to reporters at the white house for 15 minutes after that meeting and we'll show you as much as we can until the house gavels in in just a few minutes. >> well, goorn, everybody. i'm jack, the chair of the national governors association, the governor of delaware, joined by governor fallen of oklahoma, she's the vice chair -- governor fallin of oklahoma, she's the vice chair. the governor of arkansas. we are three democrats and three republicans. we just had what i would say was a very good meeting with the president. we came in part to make sure that the voices and the issues that we face as governors in states are heard and considered as part of the discussions going on here in washington. the president was very open to that. said we would continue to have a seat at the table. we talked about some of the issues that we often focus on as gompors. one of those being opportunities for flexibility in terms of some of the programs we partner wit
this after a 90-minute meeting with president obama at the white house this morning where they called for a quick resolution. the governors spoke to reporters at the white house for 15 minutes after that meeting and we'll show you as much as we can until the house gavels in in just a few minutes. >> well, goorn, everybody. i'm jack, the chair of the national governors association, the governor of delaware, joined by governor fallen of oklahoma, she's the vice chair -- governor fallin of...
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president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some agreement on other issues, those remain the sticking points. i did hear from an administration official a short time ago who told me no update whatsoever when i asked whether or not there would be some counteroffer, i guess, the counteroffer from republicans. so that remains the big sticking point, and it appears that until there's some movement on that, there really won't be an agreement. >> and before you go, i understand speaker boehner and the president were at a holiday reception and, well, what happened? >> well, you know, as you know what happens every year
president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some...
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speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that propos
speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider...
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tonight, speaker boehner's response to the white house response, saying it's up to the president to come up with a plan. allen west is here. good evening. >> good evening. >> your thoughts, apparently the white house is unimpressed with the proposal by the speakert and white house republicans? >> i think the white house needs to do case studies, calvin coolidge and president john f. kennedy, when you look at what they did with lowering tax rates and increase revenues. calvin coolidge went from 73% to 24%. john f. kennedy from 91% to 71%. they increased revenues. we are not talking about what the president is looking at with his wealth redistribution, we are talking about wealth expansion, economic growth and sound policies to do that. if you want to continue to believe that $250,000 makes someone rich, you are going to crush the small business owners who run at subchapter "s," llcs and we are talking about capital gains from 15 to 25%. that will affect investment. we are talking about dividends from 15 to thirty four 33.44%. death tax to a 55% bracket and the minimum exemption from $5 mi
tonight, speaker boehner's response to the white house response, saying it's up to the president to come up with a plan. allen west is here. good evening. >> good evening. >> your thoughts, apparently the white house is unimpressed with the proposal by the speakert and white house republicans? >> i think the white house needs to do case studies, calvin coolidge and president john f. kennedy, when you look at what they did with lowering tax rates and increase revenues. calvin...
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it is a counter offer to president obama's plan. g.o.p. lawmakers proposed raising $800 billion in revenue from tax reform, not higher tax rates, but the white house immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening. >> how are you doing? >> greta: very well. the white house is unimpressed by the proposal from the speaker and the white house republicans. >> the white house needs to go back and do case studies whe. you look at presidents cool imagidgeand kennedy, they went % down to 24%. kennedy went from 91% down to 71% and they increased revenue. what we're talking about is not what the president of the united states is looking at with wealth redistribution. we're talking about wealth expansion and economic growth and sound economic policies to do that. if you want to continue to believe that 250,000 dollars makes someone rich, you're going to crush these
it is a counter offer to president obama's plan. g.o.p. lawmakers proposed raising $800 billion in revenue from tax reform, not higher tax rates, but the white house immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening. >> how are you doing? >> greta: very well. the white house is unimpressed by the...
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and speaker boehner tried to work out last year. and also -- while certainly both sides are saying that specifics are lacking, there is certainly, i think, a feeling from some democrats that maybe it could have been worse. maybe they were expecting something that in their estimation might have been even more towards what republicans would want. >> brianna keilar, thank you. i guess we're supposed to be encouraged that everybody wasn't just giggling over the proposals. rks said they laughed at the white house proposal. >>> let's get to senator johnson, member of the budget committee and the appropriations committee. we appreciate your time this morning. >> morning, soledad. >> you heard brianna's report a moment ago. she said the white house rejected it because they're like, listen, it has to have tax increase on the top 2% or it's a complete no go. would you be willing, in fact, to raise taxes on the top 2% wealthiest americans? >> to meet the case for growth and how it's ten times more effective than just increasing tax rates. few
and speaker boehner tried to work out last year. and also -- while certainly both sides are saying that specifics are lacking, there is certainly, i think, a feeling from some democrats that maybe it could have been worse. maybe they were expecting something that in their estimation might have been even more towards what republicans would want. >> brianna keilar, thank you. i guess we're supposed to be encouraged that everybody wasn't just giggling over the proposals. rks said they...
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is and president obama on overhauling the tax code? >> again, my job is to tell my clients what's going to happen, not what i would like to have happen, so what i would like to do is take a close look of what's being proposed, with regard to taxes and deductions, what i'm struck by is how rapidly the debate is moving away from bowles-simpson. they said broaden the base, lower the rates. the president is raising the rates and opposing a deductions and republicans want to keep the rates the same and lower the deductions. bowles-simpson had it right. i look at the logic that the white house had with regard to the idea of capping itemized deductions and i would like to look at it from a cost benefit point of view. we should weigh cost and benefits. they said they were against it for two reasons. the first was that it affected some taxpayers making less than $250,000, which is true. this would be a $50,000 cap, so the people we're talking about are people who are using way above average levels of itemized deductions on their return at that
is and president obama on overhauling the tax code? >> again, my job is to tell my clients what's going to happen, not what i would like to have happen, so what i would like to do is take a close look of what's being proposed, with regard to taxes and deductions, what i'm struck by is how rapidly the debate is moving away from bowles-simpson. they said broaden the base, lower the rates. the president is raising the rates and opposing a deductions and republicans want to keep the rates the...
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if speaker boehner continues to ignore the senate-passed bill, i urge president obama to stand firm on his opposition to extending the upper-income tax cuts. the american people support that approach and we should not cave in to pressure. i'd also urge the president and congressional leaders to work to include the buffett rule principles in any deficit deal. letting the upper-income tax cuts expire and ensuring mult imillion dollar earners pay a fair share will assure the american people that we are working for them and not the special interests, as we allocate the burden of addressing our deficits. thank the chair. i yield the floor. i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. whitehouse: madam president? the presiding officer: the senator from rhode island. mr. whitehouse: can i that the pending quorum call be lifted. officer without objection. mr. whitehouse: i ask unanimous consent that the senate proceed to a period of morning business with senators permitted to speak therein for up to ten minutes each. the presiding office
if speaker boehner continues to ignore the senate-passed bill, i urge president obama to stand firm on his opposition to extending the upper-income tax cuts. the american people support that approach and we should not cave in to pressure. i'd also urge the president and congressional leaders to work to include the buffett rule principles in any deficit deal. letting the upper-income tax cuts expire and ensuring mult imillion dollar earners pay a fair share will assure the american people that...
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speaker boehner is ready today. let's get the job done. >> all right. congresswoman kathy mcmorris rodgers. thank you for coming on the show. come back, glad you're there in the negotiations talking to everybody. >> eugene robinson, final thoughts this block? >> well, you know, actually congress and the president have agreed on a huge deficit reduction package. it's called the fiscal cliff. so, you know, in my darker moments, i think we're going over it, and what if we went over it and the world didn't end? that would be kind of interesting. we'd take a big bite out of the deficit and everybody's taxes would go up, but i think the sun would come up tomorrow. >> huh. >> we may find out. >> okay, little orphan annie. >> so, gene, do you think right now that's you advise the president to do if the republicans don't come forward with more specifics? >> if i'm advising the president right now i'm advising him to wait a while. and that maybe when we get closer to the date, the calendar will concentrate the minds of many people in washington and a conversation
speaker boehner is ready today. let's get the job done. >> all right. congresswoman kathy mcmorris rodgers. thank you for coming on the show. come back, glad you're there in the negotiations talking to everybody. >> eugene robinson, final thoughts this block? >> well, you know, actually congress and the president have agreed on a huge deficit reduction package. it's called the fiscal cliff. so, you know, in my darker moments, i think we're going over it, and what if we went...
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in the afternoon, the same group of governors will meet with john boehner. california governor jerry brown is not among the group. >>> 7:15. the owner of the drake's bay oyster company is plotting a legal response to the federal decision to shut down his operation. he said he will not give up. the operating permit expired last month at the national seashore. the company was told it will have to leave within 90 days and that area will return to wilderness. >>> oakland's largest pot club gets a key victory in court. a judge ruled that harborside medical center cannot be ejected and they cannot kick them out because it is not breaking state law. now, the landlord will decide again in federal court on december 20th. she wants them out because a federal prosecutor is threatening to seize the property. >>> southern california leaders are demanding that the county be reimbursed for more than $12,000. "the san jose mercury news" show that he used a tax-funded credit card to pay for casino stays, rental car upgrades. he said he will reimburse the county for many expe
in the afternoon, the same group of governors will meet with john boehner. california governor jerry brown is not among the group. >>> 7:15. the owner of the drake's bay oyster company is plotting a legal response to the federal decision to shut down his operation. he said he will not give up. the operating permit expired last month at the national seashore. the company was told it will have to leave within 90 days and that area will return to wilderness. >>> oakland's largest...
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but this year, speaker boehner did not pose for a photograph with president obama. that raised some eyebrows certainly. it doesn't seem the two are getting along very well. but at some point, president obama will have to come into the negotiations and get involved himself. >> that meeting is not set yet. jake tapper, thanks very much. >>> george, now, to the potentially lethal carbon monoxide leak at an atlanta elementary school. >> hubie: 50 teachers and students were sent to the hospital monday. firefighters discovered the unsafe conditions. and now, parents are asking, why the school reportedly had no carbon monoxide detectors located inside. steve osunsami has the story. >> reporter: it was a shocking scene, played out on live television. >> i saw kids passing out. i saw them shivering. i saw some kids just moving around like they were dizzy. >> reporter: dozens of children at this atlanta grade school monday, falling out from high levels of carbon monoxide poisoning. needs gas masks to breathe. being wheeled out on stretchers. >> fainting, dizziness, headache a
but this year, speaker boehner did not pose for a photograph with president obama. that raised some eyebrows certainly. it doesn't seem the two are getting along very well. but at some point, president obama will have to come into the negotiations and get involved himself. >> that meeting is not set yet. jake tapper, thanks very much. >>> george, now, to the potentially lethal carbon monoxide leak at an atlanta elementary school. >> hubie: 50 teachers and students were sent...
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president obama meets with bipartisan groups of governors about the problem today. the meeting a day after house speaker jonathan boehner laid a republican plan to solve the crisis on the table and calls for $800 billion in higher taxes revenue and does not increase taxes on wealthy americans. the white house is rejecting the offer, saying any deal must include an end to tax cuts for families making over $250,000. >>> and the senate has approved a new u.s. commander for the war in afghanistan. he's marine corporal general joseph doneford and replaces general john al llen, nominatedo head forces in europe. allen's nomination on hold because of his involvement in the sex scandal that brought down former cia director david petraeus. >>> in foreign news, new intelligence reports, indicate syria's government may be preparing to use chemical and biological weapons against the rebels. in response though, the u.s. and its allies are considering military options. here's abc's martha raddatz. >> reporter: the latest intelligence is alarming. officials telling abc news the u.s
president obama meets with bipartisan groups of governors about the problem today. the meeting a day after house speaker jonathan boehner laid a republican plan to solve the crisis on the table and calls for $800 billion in higher taxes revenue and does not increase taxes on wealthy americans. the white house is rejecting the offer, saying any deal must include an end to tax cuts for families making over $250,000. >>> and the senate has approved a new u.s. commander for the war in...